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| Nevada                               |   | 20-3455830          |
|--------------------------------------|--------|--------------------------|
| (State      or other jurisdiction of |   | (I.R.S.      Employer    |
| incorporation      or organization)  |   | Identification      No.) |

|   |   |   |
|--------|--------|--------|
|   |   |   |

| Large      accelerated filer o                     |   | Accelerated      filer o         |
|----------------------------------------------------|--------|---------------------------------------|
|                                               |   |                                  |
| Non-accelerated      filer o                       |   | Smaller      reporting company x |
| (Do      not check if a smaller reporting company) |   |                                  |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Page                  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Number                |
| PART I - FINANCIAL      INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item      1 – Financial Statements      -Unaudited                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |        F-3  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Balance Sheets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        F-4       |
| Statements of      Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |        F-5       |
| Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |        F-6       |
| Notes to Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |        F-7       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 2 – Management’s Discussion and Analysis of      Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 1                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 3 – Quantitative and Qualitative      Disclosure About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 2                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 4 – Controls and      Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 2                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| PART II – OTHER      INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 1 - Legal      Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 2 – Unregistered Sales of       Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 3 - Defaults upon Senior      Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 4 – Submission of Matters to a Vote      of Security Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 5 - Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Item 6 – Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 3                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |
| Signatures                                                                                                                                                                                                                                                                            | 3                     |

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| SEARS OIL AND GAS CORPORATION                                                        |   |
|--------------------------------------------------------------------------------------|--------|
| (A      Development Stage Company)                                                   |   |
| Balance      Sheets                                                                  |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| ASSETS                                                                               |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   | September      30, |   | December      31, |   |
|                                                                                 |   |   |   | 2008 |   | 2007 |   |
|                                                                                 |   |   |   |   | (unaudited) |   |   |   |   |
| CURRENT      ASSETS                                                                  |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Cash                                                                                 |   |   | $ | 2,337 |   |   | $ | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Total      Current Assets                                                            |   |   | 2,337 |   |   |   | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL      ASSETS                                                                    |   | $ | 2,337 |   |   | $ | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS'      EQUITY                                            |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                                             |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Accounts      payable                                                                |   | $ | - |   |   | $ | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Total      Current Liabilities                                                       |   |   | - |   |   |   | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY                                                            |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock, $0.001 par value, 75,000,000                                      |   |   |   |   |   |   |   |   |
|    shares      authorized, 36,200,000 and 36,200,000                  |   |   |   |   |   |   |   |   |
|    shares      outstanding, respectively                              |   |   | 36,200 |   |   |   | 36,200 |   |
| Additional      paid-in capital                                                      |   |   | 65,800 |   |   |   | 65,800 |   |
| Deficit      accumulated during the development stage                                |   |   | (99,663 | ) |   |   | (69,777 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Total      Stockholders' Equity                                                      |   |   | 2,337 |   |   |   | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                      |   | $ | 2,337 |   |   | $ | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements. |   |

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| SEARS OIL AND GAS CORPORATION                                                       |   |
|-------------------------------------------------------------------------------------|--------|
| (A      Development Stage Company)                                                  |   |
| Statements      of Operations                                                       |   |
| (Unaudited)                                                                         |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | From      Inception |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | on      September 9, |   |
|                                                                                |   | For      the Three Months Ended |   | For      the Nine Months Ended |   |   | 2005      Through |   |
|                                                                                |   | September      30, |   | September      30, |   |   | September      30, |   |
|                                                                                |   | 2008 |   |   | 2007 |   | 2008 |   | 2007 |   |   | 2008 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                            |   |   |   |   | $ | - |   |   |   |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING      EXPENSES                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General      and administrative                                                     |   |   |   |   |   | 4,109 |   |   |   |   |   |   | 8,755 |   |   |   | 29,886 |   |   |   | 20,790 |   |   |   | 99,663 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      Operating Expenses                                                       |   |   |   |   |   | 4,109 |   |   |   |   |   |   | 8,755 |   |   |   | 29,886 |   |   |   | 20,790 |   |   |   | 99,663 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS      FROM OPERATIONS                                                           |   |   |   |   |   | (4,109 | ) |   |   |   |   |   | (8,755 | ) |   |   | (29,886 | ) |   |   | (20,790 | ) |   |   | (99,663 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER      EXPENSES                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                                                               |   |   |   |   |   | - |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS      BEFORE INCOME TAXES                                                       |   |   |   |   |   | (4,109 | ) |   |   |   |   |   | (8,755 | ) |   |   | (29,886 | ) |   |   | (20,790 | ) |   |   | (99,663 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      Taxes                                                                   |   |   |   |   |   | - |   |   |   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      LOSS                                                                       |   |   |   |   | $ | (4,109 | ) |   |   |   |   | $ | (8,755 | ) |   | $ | (29,886 | ) |   | $ | (20,790 | ) |   | $ | (99,663 | ) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| BASIC      LOSS PER                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    COMMON      SHARE                                                 |   |   |   |   | $ | (0.00 | ) |   |   |   |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    NUMBER      OF COMMON                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    SHARES      OUTSTANDING                                           |   |   | 36,200,000 |   |   |   | 33,100,000 |   |   |   | 36,200,000 |   |   |   | 33,100,000 |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements |   |
|                                                                                |   |

----

| SEARS      OIL AND GAS CORPORATION                                                   |   |
|--------------------------------------------------------------------------------------|--------|
| (A      Development Stage Company)                                                   |   |
| Statements      of Stockholders' Equity                                              |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   | Additional |   |   | During      the |   |   | Total |   |
|                                                                                 |   | Common      Stock |   |   | Paid-In |   |   | Development |   |   | Stockholders' |   |
|                                                                                 |   | Shares |   |   | Amount |   |   | Capital |   |   | Stage |   |   | Equity |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      September 9, 2005                                                      |   |   | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shares      issued for services                                                      |   |   | 30,000,000 |   |   |   | 30,000 |   |   |   | 10,000 |   |   |   | - |   |   |   | 40,000 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss since inception                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    through      December 31, 2005                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (543 | ) |   |   | (543 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2005                                                      |   |   | 30,000,000 |   |   |   | 30,000 |   |   |   | 10,000 |   |   |   | (543 | ) |   |   | 39,457 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    ended      December 31, 2006                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (39,186 | ) |   |   | (39,186 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2006                                                      |   |   | 30,000,000 |   |   |   | 30,000 |   |   |   | 10,000 |   |   |   | (39,729 | ) |   |   | 271 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    cash      at $0.01 per share                                       |   |   | 1,200,000 |   |   |   | 1,200 |   |   |   | 10,800 |   |   |   | - |   |   |   | 12,000 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    services      at $0.01 per share                                   |   |   | 5,000,000 |   |   |   | 5,000 |   |   |   | 45,000 |   |   |   | - |   |   |   | 50,000 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the year                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    ended      December 31, 2007                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (30,048 | ) |   |   | (30,048 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2007                                                      |   |   | 36,200,000 |   |   |   | 36,200 |   |   |   | 65,800 |   |   |   | (69,777 | ) |   |   | 32,223 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the nine months ended                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    September      30, 2008 (unaudited)                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (29,886 | ) |   |   | (29,886 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      September 30,                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    2008      (unaudited)                                              |   |   | 36,200,000 |   |   | $ | 36,200 |   |   | $ | 65,800 |   |   | $ | (99,663 | ) |   | $ | 2,337 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements. |   |
|                                                                                 |   |   |   |

----

| SEARS      OIL AND GAS CORPORATION                |   |
|---------------------------------------------------|--------|
| (A      Development Stage Company)                |   |
| Statements      of Cash Flows                     |   |
| (Unaudited)                                       |   |
|                                              |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   | From      Inception |   |
|                                              |   |   |   |   |   |   |   | on      September 9, |   |
|                                              |   | For      the Nine Months Ended |   |   | 2005      Through |   |
|                                              |   | September      30, |   |   | September      30, |   |
|                                              |   | 2008 |   |   | 2007 |   |   | 2008 |   |
|                                              |   |   |   |   |   |   |   |   |   |
| OPERATING      ACTIVITIES                         |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |
| Net      loss                                     |   | $ | (29,886 | ) |   | $ | (20,790 | ) |   | $ | (99,663 | ) |
| Adjustments      to Reconcile Net Loss to Net     |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash      Used by Operating Activities:           |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for services             |   |   | - |   |   |   | - |   |   |   | 52,000 |   |
| Changes      in operating assets and liabilities: |   |   |   |   |   |   |   |   |   |   |   |   |
| Changes      in loans to officers                 |   |   | - |   |   |   | - |   |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Used in                             |   |   |   |   |   |   |   |   |   |   |   |   |
|    Operating      Activities       |   |   | (29,886 | ) |   |   | (20,790 | ) |   |   | (47,663 | ) |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| INVESTING      ACTIVITIES                         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| FINANCING      ACTIVITIES                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Common      stock issued for cash                 |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Cash Provided by                         |   |   |   |   |   |   |   |   |   |   |   |   |
|    Financing      Activities       |   |   | - |   |   |   | - |   |   |   | 50,000 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      DECREASE IN CASH                         |   |   | (29,886 | ) |   |   | (20,790 | ) |   |   | 2,337 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      AT BEGINNING OF PERIOD                  |   |   | 32,223 |   |   |   | 66,286 |   |   |   | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      AT END OF PERIOD                        |   | $ | 2,337 |   |   | $ | 45,496 |   |   | $ | 2,337 |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| SUPPLIMENTAL      DISCLOSURES OF                  |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      FLOW INFORMATION                        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| CASH      PAID FOR:                               |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                          |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Income      Taxes                                 |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|                                              |   |   |   |   |   |   |   |   |   |   |   |   |

----

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|   | (a)                                       Exhibits furnished as Exhibitshereto: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| Exhibit No. |   | Description                                                                                                       |
|------------------|--------|-------------------------------------------------------------------------------------------------------------------|
|             |   |                                                                                                              |
| 31.1             |   | Certification      of William Sears pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
| 32.1             |   | Certification      pursuant to Section 906 of the Sarbanes-Oxley Act of    2002                              |

 its behalf by the undersigned,thereunto duly authorized.

|                              | Sears      Oil & Gas Corporation |
|-----------------------------------|--------------------------------------|
|                              |                                 |
| Date:      Novenber      12, 2008 | By:                                  | /s/William      Sears |
|                              |                                 | William      Sears |
|                              |                                 | Chief      Financial Officer, Treasurer and Clerk |
|                              |                                 | (principal      financial and accounting officer) |
|                              |                                 |   |
| Date:      November      12, 2008 | By:                                  | /s/William      Sears |
|                              |                                 | William      Sears |
|                              |                                 | President      and Chief Executive Officer |

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